NorthEdge Capital Backs Total Fitness Management Buyout

April 7, 2015

NorthEdge Capital Backs Total Fitness Management Buyout

Coffer Corporate Leisure – the only dedicated property investment and mergers & acquisitions advisor to the leisure industry – has provided property, business and market due diligence advice to NorthEdge Capital on its backing of the management buyout of Wilmslow-based health and fitness company Total Fitness.

Total Fitness currently operates 17 fitness and leisure clubs across the North of England and will use the new investment to support their next stage growth plans, which begin with the re-opening of their Wrexham club following a £1m+ refurbishment.

Lawrence Telford, Director at Coffer Corporate Leisure said: “Using our unique knowledge of the leisure property market we were able to provide NorthEdge with comprehensive advice which proved critical to ensuring the investment was made. In addition, we also advised Total Fitness on the re-gearing of many of its leases ahead of the investment.

“The UK health and fitness industry continues to grow and provide exciting opportunities for investors. This is a great investment for NorthEdge and provides the injection of capital that Total Fitness needs to take its business to the next level.”

Deloitte provided corporate finance advice to NorthEdge, while KPMG completed financial and tax due diligence. GunnerCooke provided legal advice to NorthEdge, while DWF, Mazars and DLA Piper advised the vendors.